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807 Literary Ave 2,436 SF 85% Leased Retail Building Cleveland, OH 44113 For Sale
Executive Summary
Cushman & Wakefield | CRESCO Real Estate is pleased to present the opportunity to acquire a mixed-use investment property located at 807 Literary Road in Cleveland, Ohio. The property consists of three (3) residential apartment units and one (1) street-level commercial suite, providing investors with a diversified income stream in one of Cleveland’s most active and rapidly evolving neighborhoods. This offering presents a rare opportunity to acquire a turnkey mixed-use investment in the heart of Tremont, one of Cleveland’s most sought-after urban neighborhoods. The property consists of three well-maintained residential apartments and a 610 SF ground-floor commercial space occupied by Nirvana Coffee, a local specialty coffee roaster, providing a stable and diversified income stream. Significant capital improvements have minimized deferred maintenance, while below-market residential rents present an opportunity for future income growth. Positioned just steps from Tremont’s premier restaurants, entertainment, and outdoor amenities, the property offers immediate cash flow with long-term appreciation potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,436 SF
Building Class
C
Year Built
1900
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.08
Lot Size
0.72 AC
Opportunity Zone
Yes
Zoning
C
Frontage
30’ on Literary Rd
Amenities
- Air Conditioning
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 004-16-073 | Improvements Assessment | $134,263 CAD |
| Land Assessment | $19,419 CAD | Total Assessment | $153,681 CAD |
Property Taxes
Parcel Number
004-16-073
Land Assessment
$19,419 CAD
Improvements Assessment
$134,263 CAD
Total Assessment
$153,681 CAD
Contacts
-
Austin Love -
Robby Martinelli -
Rico Pietro -
Cushman & Wakefield | CRESCO Real Estate
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807 Literary Ave
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